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🎓#Commodities 🎓 $CL1! / USD 🎓 🔸 Signal Info: Light Crude Oil Futures Exchange: NYMEX Direction: Short 🔸Analysis: The price on oil is experiencing historical levels of volatility. What we are looking at here is a 30 minute chart with a fib scale drawing across the daily high and low. From $22.58 at the open down to 6.50 at the low. The price spent less than 5 minutes down at that level before bouncing back up the the inner channel, and finding support at the 0.382 fib level. We are going to attempt a short position at the confluence with the falling channel and the 0.5fib line. The opportunities for gains and losses here are absolutely massive. This is however ultra levels of risk, and these positions should get monitored very closely. Even a 1% stop loss could be an excessive when trading at x50 or x100 leverage. Be careful and watch for confirmations and trends on the lower time frames. 🔸Current Price: $13.12 ⬇️Short Entry: $14.95 🎯Take Profit: $13.11, $11.56 ♦️Stop Limit: N/A
NYMEX:CL1!Short
by HashedPlutus
Copper (HG) comes back to the support attack in the $ 2.54 areaBeyond all fakeouts, for copper until now the area $ 2.54 has proven to be hard to breakthrough. If the US stock market maintains its bearish bias also in March, then most likely this will be a right time to see copper below $ 2.50. However, the decline will be more pronounced on the copper at the LME (London Metal Exchange) than on that at the NYMEX. Be careful though, copper certainly suffers from the situation in China due to the 2019-nCoV, but keep in mind that China was the first infected nation and will be the first to resume, compared to other countries affected by the virus.
COMEX:HG1!
by TradingwDavid
WTI Oil: Impact of SARS 2002/2003Hi Guys, just some infos: WTI dropped $15 when the World Health Organization issued a Global Alert iro SARS on March 12, 2003. en.wikipedia.org nCoV2019 was first reported from Wuhan, China, on 31 December 2019 What are your thoughts? If you have any questions or comment to add please do not hesitate to post it. Thank you for your support and for sharing your ideas. Disclaimer: Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities. IMHO: The point of trading is to make money. To make money you must have money. Depending on the money at your disposal, you can decide what to do and how to do it. By having stops you decide how much you are willing to lose. By having targets you decide how much you want to earn. Be disciplined with your protocol and with your strategies for trading. Sometime you win, sometime you lose. Don't be greedy. Be realistic. Be wary but not afraid. Be curious. Use your brain. As long as your working process make sense and your spirit is calm, everything will be fine. Be patient and be prepared for any circumtances.
FX:USOIL
by cozzamara
Oil Prices Continue Fall as Fears of Coronavirus IncreaseNYMEX:CL1 Crude Oil – Weekly Report Crude has continued its fall at the end of last week seeing prices down just over -4.5% for the week. Much of the selling and fear within the market last week did come from growing fears of the Coronavirus within the China region. Although there has been no direct affect to oil production by the Coronavirus, there has been a rollover affect seen by investors as many investors seek risk-off which has also been seen in global equity markets. Yesterday’s sessions saw this with the S&P500 down -1.77% at the end of the session. Crude Inventories released by EIA show a slight build up 3.5 million barrels. This is the first build in more than 3 weeks.
NYMEX:CL1!
by OilReporting
Palladium | Exponential GrowthPlease support this idea with LIKE if you find it useful. Initiate Short. Entry - 2274.4 TP - 1953.9 SL - 2318.4 Reason: Exponential growth with overbought RSI. Plus pay attention on Ichi Cloud that became thiner - the growth became weak. Seems the price was already rejected. At least the price should take a correction. Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable. Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial Advise.
NYMEX:PA1!Short
by Anpu
2
#USOIL China is reacting and the Trade War isn't good Risk appetite reverses on trade escalation, again TRADE WAR ESCALATION , not because of the FED and its interest rates. However, we "the old traders" are keen on Jackson Hole speech. Now, just keep in mind the consumer sector is the hero of the U.S economy but with trade war in front of us, prices will rise and finally impact the consumer sector. What does it mean for the USOIL? Tough time to push it lower, even to go around $50 per barrel but not for so long. So, what about a rally? I'd be a tough buyer around <$49/48. Learn how to beat the market as Professional Trader with a Prop Trader! Last 5 seats. Be part of an Elite Trading Group. Have a Nice Trading Week! Cream Live Trading, Best Regards!
TVC:USOIL
by wildcreamlife
CRUDE OIL 1D DESCENDING TRIANGLE BREAKOUTDescending Triangles, Triangles, Ascending Triangle & Ranges are repeatable trading chart patterns. Triangles and ranges are consolidation chart patterns that can breakout either direction. Ascending and descending chart patterns will have a directional bias depending on the previous incoming trend. Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern. What ever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout candle. (Our time frame preference is the Daily chart ). Add volume indicator - Volume is the amount of $ that went into a particular candle or in Forex the # of trades that took place. Add ATR indicator - Volatility is the amount of price movement that occurred. Use the ATR to measure the price movement. When you see descending volume bars and descending atr line (which indicates volatility ) this shows a dis-interest in traders to invest in this pair creating consolidation which creates the chart pattern. Trade Management after there is a breakout candle close. 1 - Position size (compare volume bar to volume ma line). a - Breakout candle must be 100% of average volume for a full position size. b - If 75% of average volume then ½ position size. 2 - Enter two trades. 3 - SL for both trades will be 1.5 x ATR. 4 - 1st trade TP will be 1 x ATR. 5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price. 6 - When 1st TP hit – move 2nd trade SL to breakeven. 7 - Adjust the 2nd trade SL to follow price. *8 - When breakout candle is more than 1 ATR from breakout candle open. a - Enter 1st trade at candle close with ½ position size. b - Enter 2nd trade with a pending limit order that is 1 ATR of breakout candle open. c – Price should pullback to that pending limit order for 2nd trade. d – If Price returns back into chart pattern close trade before SL is hit.
NYMEX:CL1!Short
by Tradingstrategyguides
LIGHT CRUDE OIL FUTURES 1D CONTINUATION TRIANGLE Triangles, Descending Triangles, Ascending Triangle and Ranges are repeatable trading chart patterns. Triangles and ranges are consolidation chart patterns that can breakout either direction. Ascending and descending chart patterns will have a directional bias depending on the previous incoming trend. Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern. What ever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout candle. (Our time frame preference is the Daily chart). Add volume indicator - Volume is the amount of $ that went into a particular candle or in Forex the # of trades that took place. Add ATR indicator - Volatility is the amount of price movement that occurred. Use the ATR to measure the price movement. When you see descending volume bars and descending atr line (which indicates volatility) this shows a dis-interest in traders to invest in this pair creating consolidation which creates the chart pattern. Trade Management after there is a breakout candle close. 1 - Position size (compare volume bar to volume ma line). a - Breakout candle must be 100% of average volume for a full position size. b - If 75% of average volume then ½ position size. 2 - Enter two trades. 3 - SL for both trades will be 1.5 x ATR. 4 - 1st trade TP will be 1 x ATR. 5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price. 6 - When 1st TP hit – move 2nd trade SL to breakeven. 7 - Adjust the 2nd trade SL to follow price. *8 - When breakout candle is more than 1 ATR from breakout candle open. a - Enter 1st trade at candle close with ½ position size. b - Enter 2nd trade with a pending limit order that is 1 ATR of breakout candle open. c – Price should pullback to that pending limit order for 2nd trade. d – If Price returns back into chart pattern close trade before SL is hit.
NYMEX:CL1!
by Tradingstrategyguides
2
USOIL: Week10Hi Guys, following Trump's tweet at the beginning of Week8, Oil ranged throughout Week9 entering Week10 with a bullish bias due mainly by comments from Saudi Energy Minister Khalid al-Falih that an end to OPEC-led supply cuts was unlikely before June and a report showing a fall in U.S. drilling activity. This is an arm wrestling US vs OPEC between 57 and 55. Let's do not get involved but just sit by the river and wait. I don't now who is going to win but as sheep my job is to follow. Thank you for your support and for sharing your ideas. Don't forget to put a like if you appreciate the post and to follow me if you want to receive notifications on new and updated ideas. Disclaimer: Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
TVC:USOIL
by cozzamara
Iron ore futures contracts have reached two-year highsIron ore futures contracts have reached two-year highs  driven by a dam collapse at a Vale mine in Brazil. The work of the mine was suspended, which affects the volume of supply in the market. Such an accident is difficult to fix in a short time, and the market agrees. We see it in the prices of long term futures contracts. Since the accident, the rise in the value of futures contracts amounted to From 18% to 24% on the NYMEX From 10% to 15% on Dalian Commodity Exchange in US Dollars
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by atomoxod